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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Medical Office Space
2895 Hamilton Blvd Ste 201 Allentown, PA 18104-6172
Individually Owned
1-yr Hold
Free & Clear
Property ID
US73-1427220
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Total area
3,620 SF
Lot
5.56 ac (242,194 SF)
Zoning code
R-H
APN
548684922540-6
UPID
US73-1427220
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$674k
Blend (final)
Blend
$720k
Owner & transaction history
Cedar Crest College · 1 yrs held
Cedar Crest College
since 2025
Last sale
$938,700
1 recorded transaction
Zoning & alternative use
R-H · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Allentown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allentown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$810,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$485,000
7%
$455,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$775,000
Current use
AUTO REPAIR, GARAGE
$690,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $939k (Jan 30 2025)
Last sale anchor
$939k
Jan 30 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$199 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,354
Tax year 2024
Assessed value
$484,600
Assessed 2024
Previous assessed
$484,600
+0.0% YoY
Effective rate
3.99%
On assessed value
Assessed land
$230,100
Assessed improvement
$254,500
Land market value
$230,100
Improvement market value
$254,500
Total market value
$484,600
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Heating
YES
Cooling
YES
Stories
1
Total area
3,620 SF
Lot
5.56 ac (242,194 SF)
Zoning code
R-H
APN
548684922540-6
UPID
US73-1427220
Jurisdiction
LEHIGH
Zoning & alternative use
R-H · Allentown, PA
Zoning R-H · permitted uses
R-H · Allentown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allentown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$690,000
OFFICE BUILDING
Est. value
$640,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
YES
Cooling
Yes
Stories
1
Lot
5.56 ac
Current owner
From public records · entity-resolved
Cedar Crest College
Individual
Free & Clear · 1 yrs held
Mailing address
2895 HAMILTON BLVD STE #201, ALLENTOWN, PA 18104-6172
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
$938,700
Cedar Crest College
Anne Dooley Ikeda
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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